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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
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Brent Oil
84.39
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0.00%
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Bitcoin
64,488.00
(
0.38%
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BennySlots

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BennySlots

Re: ospreyeye post# 5834

Thursday, 05/02/2013 7:12:28 AM

Thursday, May 02, 2013 7:12:28 AM

Post# of 42897
It's possible it'll go down that low, but it already bounced off the hourly 50 MA @ .19. If it does go lower, I think there's a decent chance it'll bounce off the hourly 20 MA / 30 min 50 MA @ ~.175. I think the reason why the accumulation dropped is because savvy people got out at .22 when it was hitting overbought and are waiting to get back in on the next bounce.

Should be interesting to see how this one plays out...
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